XML 36 R62.htm IDEA: XBRL DOCUMENT
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MORTGAGES PAYABLE Summary Mortgage Notes Payable (Details) (USD $) | 1 Months Ended | 12 Months Ended |  | 12 Months Ended |  | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended |  | 12 Months Ended |  |  |  |  | 1 Months Ended | 12 Months Ended |  | 1 Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 Months Ended |  |  | 0 Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12 Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12 Months Ended |  |  |  |
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Aug. 31, 2011 | Dec. 31, 2011 properties | Dec. 31, 2010 | Dec. 31, 2009 | Jan. 31, 2011 Canarsie Plaza [Member] | Dec. 31, 2011 Liberty Avenue [Member] | Jun. 30, 2011 Fordham Place [Member] | Dec. 31, 2011 Tarrytown Shopping Center [Member] | Dec. 31, 2011 161st Street [Member] | Dec. 31, 2011 CityPoint [Member] | Dec. 31, 2011 Pelham Manor [Member] | Oct. 31, 2011 Branch Shopping Plaza [Member] | Dec. 31, 2011 Branch Shopping Plaza [Member] | Sep. 30, 2011 125 Main Street, Westport [Member] | Dec. 31, 2011 125 Main Street, Westport [Member] | Dec. 31, 2011 Cortlandt Towne Center [Member] | Dec. 31, 2011 Village Commons Shopping Center [Member] | Jan. 31, 2011 Chestnut Hill [Member] properties | Dec. 31, 2011 Fund III [Member] | Dec. 31, 2011 Core Portfolio [Member] | Dec. 31, 2011 Fund II [Member] | Dec. 31, 2011 Fund III [Member] | Dec. 31, 2011 Fund II term loan [Member] | Dec. 31, 2011 Variable Interest Rate [Member] | Dec. 31, 2010 Variable Interest Rate [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] | Aug. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Canarsie Plaza [Member] | Jan. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Canarsie Plaza [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Canarsie Plaza [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Canarsie Plaza [Member] | Nov. 30, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Liberty Avenue [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Liberty Avenue [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Liberty Avenue [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Fordham Place [Member] | Jun. 30, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Fordham Place [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Fordham Place [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Tarrytown Shopping Center [Member] | Nov. 30, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Tarrytown Shopping Center [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Tarrytown Shopping Center [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] 161st Street [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] 161st Street [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] CityPoint [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] CityPoint [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Six Self-Storage Properties [Member] | Aug. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Six Self-Storage Properties [Member] properties | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Six Self-Storage Properties [Member] | Jan. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Pelham Manor [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Pelham Manor [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Pelham Manor [Member] | Oct. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Branch Shopping Plaza [Member] extensions | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Branch Shopping Plaza [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Branch Shopping Plaza [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] 125 Main Street, Westport [Member] | Sep. 30, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] 125 Main Street, Westport [Member] extensions | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] 125 Main Street, Westport [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Cortlandt Towne Center [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Cortlandt Towne Center [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Village Commons Shopping Center [Member] | Jun. 30, 2011 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Village Commons Shopping Center [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Mortgage Notes Payable - Variable-Rate [Member] Village Commons Shopping Center [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Secured Credit Facilities - Variable-Rate [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Secured Credit Facilities - Variable-Rate [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Interest Rate Swap [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Interest Rate Swap [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Fund III [Member] Secured Credit Facilities - Variable-Rate [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Fund III [Member] Secured Credit Facilities - Variable-Rate [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Six Core Portfolio properties[Member] Secured Credit Facilities - Variable-Rate [Member] | Oct. 31, 2011 Variable Interest Rate [Member] Six Core Portfolio properties[Member] Secured Credit Facilities - Variable-Rate [Member] properties | Dec. 31, 2010 Variable Interest Rate [Member] Six Core Portfolio properties[Member] Secured Credit Facilities - Variable-Rate [Member] | Dec. 31, 2011 Variable Interest Rate [Member] Fund II term loan [Member] Secured Credit Facilities - Variable-Rate [Member] | Dec. 31, 2010 Variable Interest Rate [Member] Fund II term loan [Member] Secured Credit Facilities - Variable-Rate [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Interest Rate Swap [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Interest Rate Swap [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] CityPoint [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] CityPoint [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Five Self-Storage Properties [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Five Self-Storage Properties [Member] | Jan. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Chestnut Hill [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Chestnut Hill [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Chestnut Hill [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Clark Diversey [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Clark Diversey [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] New Louden Center [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] New Louden Center [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Crescent Plaza [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Crescent Plaza [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Pacesetter Park Shopping Center [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Pacesetter Park Shopping Center [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Elmwood Park Shopping Center [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Elmwood Park Shopping Center [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] The Gateway Shopping Center [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] The Gateway Shopping Center [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Walnut Hill Plaza [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Walnut Hill Plaza [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] 239 Greenwich Avenue [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] 239 Greenwich Avenue [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Merrillville Plaza [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Merrillville Plaza [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] 216th Street [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] 216th Street [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Atlantic Avenue [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] Atlantic Avenue [Member] | Dec. 31, 2011 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] A&P Shopping Plaza [Member] | Dec. 31, 2010 Fixed Interest Rate [Member] Mortgage Notes Payable - Fixed Rate [Member] A&P Shopping Plaza [Member] | Dec. 31, 2011 Option 1 [Member] Canarsie Plaza [Member] | Dec. 31, 2011 Option 1 [Member] Fordham Place [Member] | Dec. 31, 2011 Option 1 [Member] Self Storage Investments [Member] | Dec. 31, 2011 Option 2 [Member] Canarsie Plaza [Member] | Aug. 31, 2011 Option 2 [Member] Canarsie Plaza [Member] | Dec. 31, 2011 Option 2 [Member] Fordham Place [Member] | Dec. 31, 2011 Option 2 [Member] Self Storage Investments [Member] | Aug. 31, 2011 Option 2 [Member] Self Storage Investments [Member]
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgages payable |  | $ 787,910,000 | $ 806,212,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 488,581,000 | $ 439,836,000 | $ 368,529,000 | $ 298,921,000 | $ 58,000,000 |  | $ 56,476,000 | $ 40,243,000 | $ 9,900,000 | $ 9,395,000 | $ 10,000,000 | $ 84,277,000 | $ 85,300,000 | $ 85,910,000 | $ 8,260,000 | $ 8,260,000 | $ 8,427,000 | $ 28,900,000 | $ 28,900,000 | $ 20,650,000 | $ 20,650,000 | $ 42,000,000 |  | $ 0 |  | $ 34,000,000 | $ 31,554,000 | $ 13,700,000 | $ 12,761,000 | $ 13,932,000 | $ 12,500,000 |  | $ 0 | $ 50,000,000 | $ 50,000,000 | $ 9,310,000 | $ 9,400,000 | $ 9,305,000 | $ 177,079,000 | $ 212,450,000 | $ (57,027,000) | [1] | $ (71,535,000) | [1] | $ 136,079,000 | [2] | $ 171,450,000 | [2] | $ 1,000,000 |  | $ 1,000,000 | $ 40,000,000 | $ 40,000,000 | $ 299,296,000 | $ 366,308,000 | $ 57,027,000 | [1] | $ 71,535,000 | [1] | $ 20,000,000 | $ 20,000,000 | $ 0 | $ 41,500,000 |  | $ 0 | $ 9,338,000 | $ 4,491,000 | $ 4,625,000 | $ 13,882,000 | $ 14,119,000 | $ 17,287,000 | $ 17,539,000 | $ 11,941,000 | $ 12,132,000 | $ 33,738,000 | $ 34,197,000 | $ 20,308,000 | $ 20,500,000 | $ 23,458,000 | $ 23,500,000 | $ 26,000,000 | $ 26,000,000 | $ 26,250,000 | $ 26,250,000 | $ 25,500,000 | $ 25,500,000 | $ 11,540,000 | $ 11,540,000 | $ 7,874,000 | $ 8,033,000 |  |  |  |  |  |  |  |
Number of Properties Collateralized |  | 29 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, minimum |  | 1.55% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate, maximum |  | 7.34% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated Debt |  |  |  |  | 7,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additional borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,000,000 | 3,000,000 | 16,200,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,400,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,300,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total amount of credit facility |  | 254,784,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 150,286,000 | 40,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 64,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unamortized premium |  | 33,000 | 68,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate at December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5.41% | [1] |  |  | 7.25% |  |  |  |  |  |  | 6.35% |  | 5.64% |  | 4.98% |  | 5.12% |  | 5.53% |  | 5.44% |  | 6.06% |  | 5.42% |  | 5.88% |  | 5.80% |  | 7.34% |  | 6.40% |  |  |  |  |  |  |  |  |
Repayments of debt | 41,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 500,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 900,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,600,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on debt extinguishment |  | 1,268,000 | 0 | 7,057,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,700,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of loan extensions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, additional borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 71,600,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, repayments |  | $ 35,371,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 35,371,000 | $ 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 107,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basis Spread |  |  |  |  |  | 3.25% |  | 1.65% | 5.50% | 2.50% | 2.75% |  | 2.25% |  | 2.35% | 1.90% | 1.40% |  | 2.55% | 1.55% | 3.20% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.00% | 3.50% | 4.15% |  |  |  |  |
Interest Rate |  |  |  |  |  | 3.55% |  | 1.95% | 5.80% | 2.80% | 3.05% |  | 2.55% |  | 2.65% | 2.20% | 1.70% |  | 2.25% | 1.25% | 2.90% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4.30% |  | 4.45% | 6.50% |  | 5.00% | 4.65% |
LIBOR floor |  |  |  |  |  |  | 1.50% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.50% |  |  | 0.50%
Length of loan extension |  |  |  |  |  |  |  |  |  |  |  | 3 years |  | 1 year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
LIBOR |  |  |  |  |  | LIBOR |  | LIBOR | LIBOR | LIBOR | LIBOR |  | LIBOR |  | LIBOR | LIBOR | LIBOR |  | LIBOR | LIBOR | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | LIBOR | LIBOR | LIBOR |  |  |  |  |
[1] | Represents the amount of the Company’s variable-rate debt that has been fixed through certain cash flow hedge transactions. (Note 10).
[2] | The Fund III revolving subscription line of credit is secured by unfunded investor capital commitments.

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